EPAM Systems
EPAM
108.32
-0.99
-0.91%
EPAM Systems
US · EPAM
#2005 by market cap
Listed 1970
108.32
-0.99
-0.91%
Live - 5344 symbols - heartbeat 303s ago
· 2026-10-08 08:23
Pre-market
108.84
+0.48%
After-hours
108.32
0.00%
- Market cap
- 5.59B
- P/E (TTM)i
- 14.70
- P/Bi
- 1.59
- EPSi
- 6.72
- Div yieldi
- 0.00%
- 52W posi
- 24%
Reader sentiment
Are you bullish or bearish on EPAM?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 5.23, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +15.42% YoY
Margins
- Gross margin
- 28.83%
- Operating margin
- 9.53%
- Net margin
- 6.92%
Key ratios & quality
- Enterprise valuei
- 4.35B
- Altman Z-Scorei
- 5.23
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.84B | 2.29B | 2.66B | 3.76B | 4.82B | 4.69B | 4.73B | 5.46B |
| Gross profit | 655.99M | 805.60M | 926.96M | 1.27B | 1.54B | 1.43B | 1.45B | 1.57B |
| Selling & admin expenses | 373.59M | 457.43M | 484.76M | 648.74M | 872.78M | 815.07M | 816.30M | 928.71M |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 245.76M | 302.85M | 379.32M | 542.32M | 572.97M | 527.16M | 544.58M | 520.00M |
| Pretax profit | 249.77M | 299.53M | 378.48M | 533.39M | 507.26M | 536.59M | 584.41M | 505.62M |
| Tax | 9.52M | 38.47M | 51.32M | 51.74M | 87.84M | 119.50M | 129.88M | 127.95M |
| Net profit | 240.26M | 261.06M | 327.16M | 481.65M | 419.42M | 417.08M | 454.53M | 377.68M |
| Basic EPS | 4 | 5 | 6 | 9 | 7 | 7 | 8 | 7 |
| Diluted EPS | 4.24 | 4.53 | 5.60 | 8.15 | 7.09 | 7.06 | 7.84 | 6.72 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 1.30B | 1.35B | 1.39B | 1.41B | 1.40B | 1.41B |
| Gross profit | 349.68M | 389.43M | 411.20M | 423.20M | 388.01M | 429.57M |
| Selling & admin expenses | 218.92M | 231.68M | 234.95M | 243.16M | 239.70M | 245.25M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 99.33M | 126.48M | 144.94M | 149.25M | 116.77M | 152.22M |
| Pretax profit | 94.42M | 123.77M | 143.62M | 143.82M | 120.65M | 140.55M |
| Tax | 20.94M | 35.74M | 36.80M | 34.47M | 38.13M | 37.57M |
| Net profit | 73.48M | 88.03M | 106.82M | 109.35M | 82.52M | 102.98M |
| Basic EPS | 1 | 2 | 2 | 2 | 2 | 2 |
| Diluted EPS | 1.28 | 1.56 | 1.91 | 1.98 | 1.52 | 1.97 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 1.20B | 1.47B | 1.91B | 2.27B | 2.76B | 3.09B | 2.43B | 2.53B |
| Cash & ST investments | 770.56M | 936.56M | 1.38B | 1.45B | 1.74B | 2.10B | 1.29B | 1.30B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 1.61B | 2.24B | 2.72B | 3.52B | 4.01B | 4.35B | 4.75B | 4.90B |
| Total current liabilities | 262.83M | 386.95M | 465.95M | 763.42M | 747.48M | 644.93M | 821.04M | 976.94M |
| Short-term debt | -- | 57.54M | 60.76M | 66.12M | 40.35M | 36.56M | 39.63M | 37.17M |
| Long-term debt | 25.03M | 25.07M | 25.04M | 30.23M | 27.69M | 26.13M | 25.19M | 25.03M |
| Total liabilities | 349,206,000.00 | 648,063,000.00 | 738,314,000.00 | 1,027,390,000.00 | 1,006,141,000.00 | 880,895,000.00 | 1,119,322,000.00 | 1,224,328,000.00 |
| Total equity | 1.26B | 1.60B | 1.98B | 2.50B | 3.00B | 3.47B | 3.63B | 3.68B |
| Retained earnings | 759.53M | 1.02B | 1.35B | 1.83B | 2.25B | 2.50B | 2.56B | 2.27B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 2.42B | 2.37B | 2.52B | 2.53B | 2.36B | 2.22B |
| Cash & ST investments | 1.17B | 1.04B | 1.24B | 1.30B | 1.04B | 789.40M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 4.72B | 4.71B | 4.84B | 4.90B | 4.70B | 4.57B |
| Total current liabilities | 789.12M | 747.43M | 835.26M | 976.94M | 884.33M | 804.44M |
| Short-term debt | 39.47M | 40.43M | 40.46M | 37.17M | 36.75M | 39.30M |
| Long-term debt | 25.06M | 25.04M | 25.04M | 25.03M | 165.00M | 25.00M |
| Total liabilities | 1,080,396,000.00 | 1,042,334,000.00 | 1,116,457,000.00 | 1,224,328,000.00 | 1,271,739,000.00 | 1,054,785,000.00 |
| Total equity | 3.64B | 3.67B | 3.73B | 3.68B | 3.43B | 3.52B |
| Retained earnings | 2.47B | 2.36B | 2.38B | 2.27B | 2.08B | 2.04B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 292.22M | 287.45M | 544.41M | 572.33M | 464.10M | 562.63M | 559.17M | 654.93M |
| Depreciation & amortization | 36.64M | 101.18M | 129.24M | 145.15M | 140.05M | 132.70M | 127.10M | 166.08M |
| Free cash flow | 254.64M | 188.15M | 475.61M | 460.83M | 382.48M | 534.22M | 527.02M | 612.69M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | 0 | 0 | -164.92M | -398.03M | -662.16M |
| Ending cash balance | 771.71M | 937.69M | 1.32B | 1.45B | 1.68B | 2.04B | 1.29B | 1.30B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 24.16M | 53.20M | 294.68M | 282.89M | -36.36M | -2.42M |
| Depreciation & amortization | 41.37M | 41.93M | 41.67M | 41.12M | 41.97M | 42.38M |
| Free cash flow | 14.83M | 43.37M | 286.38M | 268.11M | -54.22M | -17.64M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -160.00M | -196.53M | -82.10M | -223.53M | -323.98M | -84.98M |
| Ending cash balance | 1.18B | 1.05B | 1.24B | 1.30B | 1.04B | 794.29M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 21.48 | 18.26 | 18.28 | 21.55 | 15.28 | 12.89 | 12.80 | 10.34 |
| ROA %i | 16.79 | 13.54 | 13.18 | 15.43 | 11.14 | 9.98 | 9.99 | 7.83 |
| ROIC %i | 21.01 | 16.29 | 15.92 | 19.36 | 14.17 | 11.04 | 11.25 | 9.69 |
| 5-year avg ROE %i | 15.25 | 15.59 | 16.11 | 17.57 | 18.97 | 17.25 | 16.16 | 14.57 |
| EBIT margin %i | 13.34 | 13.20 | 14.26 | 14.43 | 11.88 | 11.24 | 11.52 | 9.53 |
| FCF / sales %i | 13.82 | 8.20 | 17.88 | 12.26 | 7.93 | 11.39 | 11.15 | 11.23 |
| Current ratioi | 4.56 | 3.81 | 4.11 | 2.97 | 3.69 | 4.79 | 2.96 | 2.59 |
| Quick ratioi | 4.46 | 3.71 | 4.04 | 2.90 | 3.58 | 4.64 | 2.79 | 2.46 |
| Debt / assetsi | 1.55 | 11.74 | 9.79 | 6.79 | 4.75 | 3.95 | 3.44 | 2.93 |
| LT debt / equityi | 1.98 | 12.90 | 10.37 | 6.96 | 5.00 | 3.90 | 3.41 | 2.90 |
| Interest coveragei | -- | -- | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | 26.33 | 25.51 | 22.40 | 26.81 | 28.13 | 20.82 | 7.95 | 4.19 |
| Net income CAGR (3Y) %i | 41.69 | 38.03 | 65.05 | 26.09 | 17.12 | 8.43 | -1.91 | -3.43 |
| FCF CAGR (3Y) %i | 63.34 | 10.91 | 42.89 | 21.86 | 26.68 | 3.95 | 4.58 | 17.01 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 11.57 | 11.36 | 10.21 | 10.34 | 10.93 | 11.18 |
| ROA %i | 9.05 | 8.98 | 7.99 | 7.83 | 8.20 | 8.65 |
| ROIC %i | 10.31 | 10.27 | 9.42 | 9.69 | 10.14 | 10.71 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 10.97 | 10.63 | 9.57 | 9.53 | 9.67 | 9.89 |
| FCF / sales %i | 8.61 | 8.08 | 8.67 | 11.23 | 9.79 | 8.59 |
| Current ratioi | 3.06 | 3.17 | 3.02 | 2.59 | 2.67 | 2.75 |
| Quick ratioi | 2.87 | 2.94 | 2.84 | 2.46 | 2.50 | 2.56 |
| Debt / assetsi | 3.35 | 3.45 | 3.20 | 2.93 | 6.12 | 3.33 |
| LT debt / equityi | 3.26 | 3.33 | 3.08 | 2.90 | 7.32 | 3.21 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Professional services is the largest reported line at 99.46% of revenue, across 2 reported segments.
- The next-largest line, Licensing and other revenues, is a distant second at 0.54% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Professional services99.46%
Licensing and other revenues0.54%
Region
United States51.94%
Other locations20.59%
United Kingdom10.95%
Switzerland8.04%
Germany4.28%
Netherlands4.21%
Quote time 2026-10-08 08:23:46 · For reference only, not investment advice and not tailored to your situation.